A bankrupt Twin Cities roofing contractor who tried to reinvent himself during the Great Recession by selling gold and silver coins has been barred for life from the precious metals industry for fraud and ordered to pay $2 million in restitution and penalties.
Coin dealer ordered to repay $2 million and is barred from industry
December 16, 2015 at 2:39PM
![DAVID JOLES • djoles@startribune.com -Feb. 24, 2011- Plymouth, MN- The Guardian Gold & Silver Exchange is being sued by two other precious metals dealers, which allege that they stole customer lists and staff in an effort to build their business. Robinson, a former American Express advisor, says they run a clean shop and deplores and industry rife with fraud and unsavory characters. In this photo:] With a conference room papered in gold coins, co-owne](https://arc.stimg.co/startribunemedia/BH26KT2X3RWV474DQNNI5OJZY4.jpg?&w=712)
Schaun K. Waste, 50, of Minneapolis, had operated Guardian Gold & Silver Exchange in Plymouth with the late Ray Hanisco from 2009 until two years ago, when they were sued by Minnesota Attorney General Lori Swanson for bilking mostly elderly customers on sales of coins and bullion.
Hennepin County District Judge Regina Chu issued an order this month banning Waste from the industry.
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